Home prices rose 3.5% across the U.S.
Dallas-area home prices were up 2.8% in the latest market-by-market comparison — slightly below the U.S. average.
Nationwide home prices rose 3.5% in November from a year earlier in the latest S&P CoreLogic Case-Shiller U.S. National Home Price Index.
The greatest year-over-year home price gains were in Phoenix, which was up 5.9% from November 2018, and Charlotte, up 5.2%
Prices rose less than 1% in several key markets, including New York, Chicago and San Francisco.
With the month’s 3.5% increase in the national composite index, “home prices are currently 59% above the trough reached in February 2012, and 15% above their pre-financial crisis peak,” S&P’s Craig J. Lazzara said in the report. “November’s results were broad-based, with gains in every city in our 20-city composite.
By Steve Brown
8:36 AM on Jan 28, 2020